Article 7 of the Measures for the Supervision and Administration of Futures Companies. If the major shareholder of a futures company is a legal person or an unincorporated organization, it shall meet the following conditions: (1) The paid-in capital and net assets shall not be less than RMB 654.38 billion; (2) The net assets are not less than 50% of the paid-in capital, or the contingent liabilities are less than 50% of the net assets, and there are no other risks that have a significant uncertain impact on the financial situation; (3) It has been profitable continuously, and has been operating continuously for more than three complete fiscal years, and has been profitable continuously in the last three fiscal years; (4) The capital contribution shall not exceed its net assets, and the sources of funds are true and lawful, and it is not allowed to entrust funds or creditor's rights funds to become shareholders in futures companies; (5) It has a good reputation, standardized corporate governance, clear organizational structure and transparent shareholding structure, and its main business nature is related to futures companies; (six) there is no large amount of outstanding debts due; (seven) in the past three years, it has not been subject to administrative punishment or criminal punishment for major violations of laws and regulations; (eight) not suspected of major violations of laws and regulations by the competent authorities to investigate or take compulsory measures; (9) Being a shareholder or actual controller of the company (including financial institutions) in the past three years, and having no dishonest behaviors such as abusing shareholders' rights and evading shareholders' obligations; (10) There are no other circumstances deemed by the China Securities Regulatory Commission as unsuitable for holding shares in a futures company according to the principle of prudent supervision.